Sin taxes are really nothing more than means to dissuade people from doing something that is perceived to be bad for them while raising more money at the same time. Two birds with one stone. I generally support them when aimed at smoking.
Should crypto be taxed @ exceedingly low rates due to it driving economic progress, creating value and providing critical utility to neglected demographics. All of which undoubtedly contributes towards ennobling man and benefiting society?
If we want crypto to be treated as just money, why? It's only as good as what it's used for, so tax breaks that are applied towards certain industries should rightfully be applied to it only when used within that. The argument sounds very similar to how Bitcoin should be illegal because criminals use it, and Bitcoiners are the first to point out that it's just money.